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Gum Market By Sugar Type (Sugared Gum, Sugar Free Gum), By Product Type (Bubble Gum, Chewing Gum, Functional Gum, Energy Gum And Others), By Distribution Channel (Supermarkets, Convenience Stores, Departmental Stores, Online Retailers And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast 2022 to 2027

Published: March, 2023
ID: 6772
Pages: 175
Formats: report pdf report excel report power bi report ppt

Gum Market Analysis:

Gum Market was worth USD 29.49 billion in 2020 and estimated to be growing at a CAGR of 5.3%, to reach USD 38.18 billion by 2026.

Chewing gum is a soft, cohesive food substance that is intended to be chewed without being swallowed and it is made of a gum base, sweeteners, softeners/plasticizers and a hard coating of powdered polyol. It is available in many flavours and colours. Sugar-free gum sweetened with xylitol has been shown to reduce cavities and plaque. Gum is a type of confectionary that is witnessing rapid upsurge in modern consumer purchase.

Factors contributing to the growth of market include increasing purchase of socially approved products regarding the dental benefits and increasing consumer inclination towards impulse purchases. However, factors like environmental concerns and disposable problems related to masticated gum are hindering the growth of market. Also, innovative flavour offerings and increasing popularity for natural gum products are expected to boost the market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

5.3%

Segments Covered

By Sugar Type, By Product Type, By Distribution Channel, and By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Market Leaders Profiled

Dr Pepper Snapple Group, Monster Beverage Corp., Kraft Foods, Dohler Group, Cott Corporation, the Coca-Cola Company, PepsiCo Inc., Parle Agro, and Britvic PLC

Gum Market Segmentation:

The Global market for Gum is segmented based on Sugar Type, Product Type and Distribution Channel. Based on Sugar Type it is divided into Sugared Gum and Sugar free Gum. Based on Product Type it is divided into Chewing Gum, Bubble Gum, Functional Gum, Energy Gum and Others. Based on Distribution Channel it is divided into Supermarkets, Convenience Stores, Departmental Stores, Online Retailers and Others.

Based on geographical analysis, the market is divided into regions of North America, Latin America, Europe, Middle East and Africa and Asia Pacific. Europe holds the major share in the market due to presence of market leaders as well as a large population of Gum consuming individuals.

Asia Pacific is the fastest growing region due to increasing demand and product innovation and increasing disposable income. Sugared Gums are holding the major market share while sugar free gums are expected to grow the fastest due to increasing dental concerns and increasing popularity for functional gums. Bubble Gums and Chewing gums are holding the major market share due to their popularity among children, increasing disposable income and increasing use for casual chewing. Based on distribution channel supermarkets hold the major share in the market while online retails are expected to grow the fastest.

Gum Market Key Players:

Some of the key players dominating this market include Mondeléz International Inc, Kraft Foods Inc., Mars Inc., Wrigley’s, Perfetti, Howell Foods, Hershey, Think Gum, Zapp Gum, ZOFT Gum, Super Mouth and Lotte.

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